X Bars MA Scalper
X Bars MA Scalper — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to moving averages and short scalping trades. Its source code uses RSI. It works with a grid of orders, places pending orders and moves the stop behind price. It has 40 settings, for example magic (default 1234), moneymanagement (default Money Management) and lots (default 0.1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About X Bars MA Scalper
X Bars MA Scalper is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 40 settings, such as Magic, Moneymanagement and Lots. MQL source code included.
It also trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: XBars_MA_Scalper.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic | 1234 | Magic number that tells this EA's orders apart |
| Moneymanagement | Money Management | |
| Lots | 0.1 | Trade size in lots |
| Mm | FALSE | |
| Risk | 1.0 | Risk per trade (percent of balance) |
| Minlot | 0.01 | |
| Maxlot | 50.0 | |
| Lotdigits | 2 | |
| Ordersmanagement | Order Management | |
| Ecn | FALSE | |
| Oppositeclose | FALSE | |
| Reversesignals | FALSE | |
| Maxtrades | 1 | Maximum number of open trades |
| Tradesperbar | 1 | |
| Hidesl | FALSE | |
| Hidetp | FALSE | |
| Stoploss | 72.0 | Stop loss distance |
| Takeprofit | 9.0 | Take profit distance |
| Trailingstart | 0.0 | Trailing stop distance or switch |
| Trailingstop | 0.0 | Trailing stop distance or switch |
| Trailingstep | 1.0 | Trailing stop distance or switch |
| Breakevengain | 0.0 | Move the stop to break-even |
| Breakeven | 0.0 | Move the stop to break-even |
| Maxspread | 100.0 | Maximum spread allowed to trade |
| Adordersmanagement | Advanced Order Management | |
| Pipstep | 10.0 | Distance between orders |
| Entrylogics | Entry Settings | |
| Changedirection | FALSE | |
| Matimeframe | 60 | Period or timeframe used by the calculation |
| Maperiod | 7 | Period or timeframe used by the calculation |
| Mamethod | 2 | |
| Xbars | 8 | |
| Rsifilter | TRUE | |
| Rsitimeframe | 0 | Period or timeframe used by the calculation |
| Rsiperiod | 7 | Period or timeframe used by the calculation |
| Oversold1 | 27 | |
| Overbought1 | 69 | |
| Stochfilter | TRUE | |
| Stochtimeframe | 0 | Period or timeframe used by the calculation |
| Kperiod | 9 | Period or timeframe used by the calculation |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Scalping · Moving Average · Grid · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · RSI · MT4 Expert Advisor · MQL4 Source Code